PA Daily | MicroStrategy BTC invested $1.63 billion in floating profits, and the President of Suriname met with the CEO of JAN3 to develop a national BTC strategy

Today’s News Tips:

1. Shen Bo’s personal wallet, the attacker has transferred the stolen 600 ETH to Tornado Cash

2. The President of Suriname meets with the CEO of JAN3 to develop a national BTC strategy

3MicroStrategy’s BTC investment surplus of $1.63 billion

4. In the past seven days, 4 smart money addresses have bought a total of 7.7 million BIGTIME

5.friend.tech: A new combination of contract and fund ownership has been transferred to MultiSig and Professional Escrow

6. ArbitrumDAO will provide $23.54 million in funding to 26 projects that missed the first round of funding

7. $7.68 million worth of unlocked 1INCH has been claimed, of which about 38% has been transferred to CEX and sold on-chain

Regulatory News

The President of Suriname met with the CEO of JAN3 to develop the National BTC Strategy

Chan Santokhi, President of the South American nation of Suriname, recently met with Samson Mow, CEO of BTC startup JAN3, to discuss potential strategies for integrating BTC into Suriname’s economy. The meeting, led by Foreign Minister Albert Ramdin, was part of Suriname’s strategy to diversify its economic model, with the two sides focusing on the potential of BTC in various areas such as finance, sustainable energy and technology. Prior to the formal discussion, Samson Mow and JAN3 COO Ben Van Hool met with key figures in Suriname’s business community, including banking and finance professionals, to discuss the potential benefits of BTC. JAN3’s senior management also met with Deputy Governor Rakesh Adhin of the Central Bank of Suriname to gain insight into the country’s economic situation, particularly debt and inflation challenges. Mow highlighted BTC as a potential solution to these problems and compared it to the experience of El Salvador. The talks covered a variety of topics, including energy resources, monetary policy, and the possibility of establishing BTC mining operations in remote areas of Suriname. President Santokhi expressed interest in developing a BTC strategy to position Suriname as a leader in finance and technology and use new technologies to improve the living standards of the country’s people.

NFT&AI

Aqua, a gaming NFT marketplace, has announced that it will cease operations

Aqua, an NFT marketplace focused on the Web3 gaming space, officially announced that it has officially ceased operations, and Sean Ryan, CEO of Aqua, who served as a former vice president of Facebook, said in an open letter that Aqua was founded with Immutable and Polygon Blockchain companies such as Labs entered into a partnership to provide game developers with a gaming NFT marketplace and a white-glove embedded solution, but the decision to halt operations was made due to the overall growth of the Web3 gaming industry falling short of expectations and the company experiencing difficulties in fundraising.

Previously, Aqua had completed a $10 million financing in September 2022, which was invested by billionaire Steve Cohen’s investment company DIGITAL.

Google’s CEO may delay the release of its AI model Gemini because it can’t reliably handle some non-English queries

Google has delayed the release of Gemini, a conversational AI designed to compete with OpenAI, to January 2024, The Information reported, citing two people familiar with the matter. According to one of the people familiar with the matter, the decision to postpone was made by Google CEO Sundar Pichai after Google found that Gemini could not reliably handle some non-English query instructions.

Currently, the Gemini team hopes that its junior model will be on par with GPT-4, or even surpass it. People familiar with the matter claim that Google has met these standards “in some aspects” but is still improving it. Because the team wanted Gemini to work globally and in multiple languages.

OpenAI President: There have been 52 team meetings and 1:1 meetings in the first week of returning to work

OpenAI President Greg Brockman tweeted that 52 team meetings and 1:1 meetings have been held in the first week of returning to work. The biggest takeaway is that employees in every function are on the same page. We’re getting stronger.

Project News

friend.tech: A new combination of contract and fund ownership has been transferred to Multisig and Professional Escrow

friend.tech tweeted that we have completed on-chain transactions, transferring ownership of friend.tech contracts and funds to a new combination of multisig and professional escrow. These changes will improve the long-term security of the friend.tech and allow us to meet our tax obligations.

ArbitrumDAO will provide $23.54 million in funding to 26 projects that missed out on the first round of funding

ArbitrumDAO has approved an initiative for a one-time “standby funding” of 21.1 million ARB ($23.54 million) to support 26 projects that missed out on the first round of funding. The initiative was adopted with two-thirds of the votes in favor. Projects to be funded include Gains Network ($5 million), Stargate Finance ($2.2 million), Synapse ($2.2 million) and Wormhole ($2 million), among others.

With the approval of the proposal, the total budget of the STIP (Short-Term Incentive Program) has increased to 7,110 ARB. Under the proposal, additional funds would be allocated after a three-day waiting period.

Beosin Trace: Shen Bo’s personal wallet attacker has transferred 600 stolen ETH to Tornado Cash

According to the monitoring of Beosin’s Beosin EagleEye security risk monitoring, early warning and blocking platform, the hackers who attacked the personal wallet of Shen Bo, the founder of Decentralized Capital, have transferred 600 ETH stored at the address starting with 0x1D4 to Tornado Cash. According to previous news, on April 16, 2023, the hacker sold the 557,140 LQTY tokens that were stolen before, exchanged them for ETH and stored them at the address at the beginning of the 0x1D4. In November last year, Shen Bo’s personal address (the one ending in 5e894) was hacked with $42 million worth of assets, including 38 million USDC and 1,606 ETH.

WOOFi, a decentralized trading platform, will receive 1 million ARB grants, and the tokens will be used for events and airdrops

The decentralized exchange announced that WOOFi said that the voting application for the Arbitrum STIP (short-term incentive program) is now approved, and WOOFi will receive 1 million ARB tokens, which will be used for incentive activities and airdropped to platform users.

Previously, it was reported that Arbitrum DAO’s voting on the proposal of “Funding Successful STIP Proposals” has ended, with a final support rate of 67.68%. The proposal proposes to increase the total appropriation budget of the original STIP proposal (50 million ARB) to 71.4 million ARB, while increasing the total number of participating agreements by 26 for a total of 56 funded projects. The proposal plans to allocate the ARB held by the DAO to the incentive mechanism, while leveraging the allocation system, consensus, etc., that have already been created in STIP 1.

$7.68 million worth of unlocked 1INCH has been claimed, of which about 38% has been transferred to CEX and sold on-chain

According to on-chain analyst Ember monitoring, this round of 1INCH unlocking has been unlocked for 2 days (unlocked on December 1), and multiple addresses have unlocked and received about 21.51 million 1INCH ($7.68 million) from the vesting contract. About 38% of the claimed 1INCH (worth about $2.92 million) were transferred to the CEX and sold on-chain, but more tokens have not been transferred/sold after being claimed.

Financing News

Generative AI startup Together closed a $102.5 million Series A funding round led by Kleiner Perkins

Generative AI startup Together raised $102.5 million in a Series A funding round led by U.S. venture capital firm Kleiner Perkins, with participation from NVIDIA and Emergence Capital. Other institutions participating in Series A include NEA, Prosperity 7, Greycroft, 137 Ventures, Lux Capital, Definition Capital, and Long Journey Ventures.

The funds will be used to improve its cloud platform for AI applications, invest in R&D, contribute to open-source AI, and enhance its infrastructure. San Francisco-based Together was founded in June 2022 to develop open-source AI cloud software. The team is made up of veterans from Apple and ETH Zurich, as well as academics from Stanford University, the University of California, Berkeley, and the Massachusetts Institute of Technology.

Previously, generative AI startup Together announced the completion of a $20 million seed round of financing, led by Lux Capital, with participation from Factory, SV Angel, First Round Capital, and others.

IMPORTANT FIGURES

MicroStrategy made a floating profit of $1.63 billion on BTC investments

Unrealized profit from MicroStrategy’s BTC investments reached $1.63 billion. As of November 29, 2023, MicroStrategy and its subsidiaries collectively held approximately 174,530 BTC at a total purchase price of approximately $5.28 billion, with an average purchase price of approximately $BTC 30,252 per token.

Data: In the past month, about 105,000 ETH have been burned in ETH Fangfang

According to Ultra Sound Money data, in the past 1 month, ETH a total of 105,206.23 ETH were burned and 70,613.43 ETH were issued. Since the implementation of EIP-1559 in early August 2021, ETH has burned a total of about 3.77 million ETH, worth about $10.51 billion.

Data: In the past seven days, 4 smart money addresses have bought a total of 7.7 million BIGTIME

According to Twitter user “Aunt Ai”, a total of 4 addresses have bought a total of 7.7 million BIGTIME in the past seven days, worth $1.61 million. Among them, 0x8D7 addresses have made a profit of $380,000 this afternoon, and the remaining three addresses have not been sold. On November 27th, the Bigtime project party transferred 20 million BIGTIME to market makers to expand the scale of market making, and none of the three market makers has transferred out/sold this part of the tokens, of which Amber Group holds 5 million, GSR Markets holds 12.5 million, and FBG Capital holds 2.5 million.